Related Question 3
A person sells an article at 10% loss. If he had bought it at 20% less and sold it for Rs. 55 more, he would have gained 40%. Find the cost price.
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A.
Rs. 200
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B.
Rs. 225
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C.
Rs. 250
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D.
None
Correct Answer: C
Explanation:
Solving the Equation gives CP = Rs. 250.